Summer is over – USD shorts got washed out – New ball game.
There was context recently in discussion about the value of the US Dollar Index x
Risk management is vital. When trading. The economics are ar reflection. When trading Yen I found as a Quant, it becomes math. I zlso found that perception is almost impossible to quantify.
Result? In Irony … go with what you see but not in a fierce fahion.
Goldilocks market?
Summary
Economic data supports expectation of 25 bps cut in September
Marvell jumps after forecast beats estimates
Ulta Beauty tumbles following annual forecast trim
S&P 500 +1.01%, Nasdaq +1.13%, Dow +0.55%
Aug 30 (Reuters) – Wall Street stocks rose and the Dow scored a second consecutive all-time closing high on Friday, with Tesla and Amazon climbing after fresh U.S. economic data raised expectations that the Federal Reserve will cut interest rates modestly in September.
as jules maigret might say “intéressant” :
WASHINGTON, Aug 29 (Reuters) – U.S. Defense Secretary Lloyd Austin has approved a request to provide the Secret Service with additional military support capabilities for presidential and vice presidential candidates for the upcoming election, the Pentagon and the Secret Service said separately on Thursday.
DLRx 101.44
Showing little leg, but mixed vs bag of ccies.
Re jobs: I am guessing market is noticing workers are somewhat prudent if not outright anxious about jobs especially on the lower end of the pay scale.
With all calendar data now out of the way for today players are likely to focus on closing shop without much radical price volatility ahead of the weekend. Be enough opp to yingyang pricing next week starting Wednesday and the Friday.
DLR may close a little bit on the friski but it does not look ambitious – bit of a t/p into the close would not be a surprise – at least not to me.
Res 101.50 (eh Jay what have you to say ?)
Sup 100.70
The life of a trader…you were up at 2:30am chasing trades and your wife is shaking her/its head, only to wake up hours later looking at the fight that took place in your account. Yay I got it rifght. And what do you do? Go on an 8 mile power walk/sprint, protect some kid you’ve never seen before with your Shaolin skills, get back to safety, and take a nap and get back in the ring.
And you say … man that ___ can fight lol.
Still standing. Market call pending in a few lol
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